3 months ago
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The Enforcement Directorate (ED) conducted searches astatine 19 locations connected Wednesday (March 11, 2026) successful transportation with the alleged embezzlement of ₹590 crore from the Haryana Government’s accounts maintained with IDFC First Bank successful Chandigarh, sources said.
The bureau conducted searches successful Haryana and Chandigarh against assorted concern entities who helped the accused persons get accommodation entries to conceal the wealth way and proceeds of crime, they said.
The funds were expected to beryllium deposited by assorted authorities departments of the authorities successful the slope but alternatively of being deposited successful the FDs, these were allegedly diverted by the assorted accused persons for their idiosyncratic purpose, the sources said.
In its investigation, the ED conducted searches connected assorted concern entities which person fixed accommodation entries to the main accused persons, ex-bank officials, definite beneficiaries of the alleged scam and existent property agents wherever the proceeds of transgression person been dissipated, they said.
The superior probe showed that immense funds person been transferred to the assorted ammunition companies and insignificant jewellery entities routed done assorted ammunition companies and layered done immense transactions and yet siphoned disconnected nether the guise of golden acquisition and concern into the existent property sector, the sources said.
Also read: Haryana authorities nab 4 radical successful ₹590-crore IDFC First Bank case
Significant magnitude of currency withdrawals has besides been noticed successful the said wealth trail, with the sanction of Chandigarh-based hotelier Vikram Wadhwa, progressive successful the operation of existent property projects successful the Tricity, cropping up successful this case, who absconded aft the quality astir the alleged scam came to light, they said.
